Nordstrom hires an Amazon vet as its chief technology officer
March 24, 2016 02:37 PM
Nordstrom Inc. has become the latest retailer to tap an Amazon.com Inc. alum for a high-profile role.
Nordstrom, No. 19 in the Internet Retailer 2015 Top 500 Guide, hired Kumar Srinivasan as its chief technology officer, a newly created position. Srinivasan had previously co-founded and been CEO of social media advertising platform Evocalize. Earlier in his career, he spent just over five years with Amazon (No. 1) before leaving in May 2010 as the general manager of Amazon Payments. According to his LinkedIn profile, Srinivasan also worked at Wal-Mart Stores Inc. (No. 3) early in his career as a development manager.
"Kumar's extensive experience in strategy, product development and delivering technology solutions that support a great user experience, as well as his passion for the customer, will be invaluable," Nordstrom chief information officer Dan Little says.
Srinivasan becomes at least the third Amazon veteran to take an executive-level role with another retailer this year. In late January, Canadian online marketplace Shop.ca hired Tony Chvala as its CEO. In February, Target Corp. (No. 16) hired Arthur Valdez to be its executive vice president and chief supply chain and logistics officer, effective March 28. Valdez had been Amazon’s vice president of operations until that point. On Monday, Amazon filed a lawsuit seeking to block Valdez from joining Target, citing an 18-month noncompete clause Valdez had signed as part of his Amazon employment agreement. View Amazon’s lawsuit against Valdez here.
Nordstrom reported in its Q4 2015 earnings report that online sales accounted for 19.6% of sales, or $2.832 billion, in fiscal 2015, up 20.2% from $2.356 billion in 2014, when online accounted for 17.4% of the retailer’s total revenues.